Filed by Discovery Holding Company
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Corporation: Discovery Holding Company
Commission File No.: 000-51205
Subject Corporation: Discovery Communications Holding, LLC
Commission File No.: none
Email communication to employees of Ascent Media Group (General):
CREATIVE SOUND SERVICES BUSINESSES TO REMAIN WITH DISCOVERY HOLDING COMPANY
Hello everyone
As some of you may have heard, as part of the previously announced transaction between Discovery
Holding Company and Advance/Newhouse, the creative and network services businesses of Ascent Media
Group will be spun out into a new public company. As currently contemplated pursuant to a
non-binding letter of intent, the new public company would house all of the assets of Ascent Media
Group, with the exception of the Creative Sound Services group companies Soundelux, Todd-AO, Sound
One, POP Sound, Modern Music, DMG and The Hollywood Edge, which will remain as part of the new
Discovery Communications public company. The transaction is still dependent on the execution of
definitive agreements, DHC shareholder approval and other conditions, and is not expected to close
until 2Q 2008.
I am happy to note that Bob Rosenthal will continue his fine leadership of Creative Sound Services
and its talented group of employees. This is a great new partnership for our friends at Creative
Sound Services and Discovery and we are excited to continue our collaborative work with this
exceptional group and wish them continued success.
Please feel free to reach out to myself or Bob with any questions you may have. We will keep you
all informed as this transaction progresses.
Jose
ADDITIONAL INFORMATION
NOTHING IN THIS COMMUNICATION SHALL CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL ANY
SECURITIES. ANY OFFER OR SALE OF SECURITIES WILL ONLY BE MADE PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT, UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE UNDER APPLICABLE
SECURITIES LAW. WE URGE YOU TO READ THE MATERIALS TO BE FILED BY ASCENT AND DHC WITH THE SEC
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION DESCRIBED ABOVE. A COPY OF
THE MATERIALS ASCENT AND DHC FILE WITH THE SEC WILL BE AVAILABLE FREE OF CHARGE AT THE SECS
WEBSITE (HTTP://WWW.SEC.GOV). COPIES OF THE FILINGS CAN ALSO BE OBTAINED, WITHOUT CHARGE, BY
DIRECTING A REQUEST TO ASCENT MEDIA GROUP, LLC, WILLIAM E. NILES, EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL, 520 BROADWAY, 5TH FLOOR, SANTA
MONICA, CALIFORNIA 90401, PHONE: 310.434.7022.
PARTICIPANTS IN SOLICITATION
THE DIRECTORS AND EXECUTIVE OFFICERS OF DHC AND OTHER PERSONS MAY BE DEEMED TO BE PARTICIPANTS IN
THE SOLICITATION OF PROXIES IN RESPECT OF PROPOSALS TO APPROVE THE TRANSACTION PURSUANT TO WHICH
ASCENT WOULD BECOME A PUBLIC COMPANY AND RELATED TRANSACTIONS. INFORMATION REGARDING DHCS
DIRECTORS AND EXECUTIVE OFFICERS AND OTHER PARTICIPANTS IN THE PROXY SOLICITATION AND A DESCRIPTION
OF THEIR DIRECT AND INDIRECT INTERESTS, BY SECURITY HOLDINGS OR OTHERWISE, WILL BE AVAILABLE IN
PROXY MATERIALS TO BE FILED WITH THE SEC.